3 Emerging Market Stocks to Buy as 2024 Wraps Up

Group 1: Emerging Market Investment Overview - The first half of 2024 was favorable for emerging market investment, with increased investor exposure despite challenges such as China's property crisis and poor consumption patterns in several emerging economies [1] - Emerging-market equities registered a 9.6% return from January to August 2024, driven by strong performances from large-cap semiconductor companies [3] - The positive trend in emerging markets faced challenges due to geopolitical tensions, particularly related to the U.S. election and high import tariff fears, which led to muted investment activities [4] Group 2: Future Prospects and Economic Outlook - The OECD's economic roadmap indicates promising prospects for emerging markets in 2025, with overall momentum in 2024 on par with 2023, despite geopolitical tensions [5] - Foreign direct investment (FDI) inflows for India and China are expected to remain resilient in 2025, driven by competitive wages, increasing domestic demand, and improved business regulations [9] - Global headline FDI is projected to recover in 2025, with world trade in goods and services expected to grow by 3.4% [10] Group 3: Company-Specific Insights - Qifu Technology, Inc. (QFIN) is a leading Credit-Tech platform in China, with projected earnings growth rates of 55.2% for 2024 and 12% for 2025, and a stock increase of 87% over the past six months [13][14] - Yatra Online (YTRA), an online travel operator in India, anticipates significant growth in the MICE sector, with fiscal 2025 revenue and earnings growth rates projected at 90.9% and 350%, respectively [15][16] - Dr. Reddy's Laboratories (RDY), a global pharmaceutical company, is focused on expanding its biosimilars facility in India, with fiscal 2025 revenue and earnings growth rates of 11.5% and 3.8%, respectively [17][18]